Meta to cut 8,000 jobs, 10% of staff
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Meta, AI and layoffs
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Druckenmiller, who said he sold Nvidia too early, recently dumped his stake in Meta Platforms and doubled down on two cloud computing giants.
Meta will use hundreds of thousands of Graviton chips from Amazon Web Services in a deal that will last at least three years. The deal follows a combined $48 billion in artificial intelligence infrastructure commitments Meta made in recent weeks with CoreWeave and Nebius.
Microsoft and Salesforce can't harvest their enterprise customers' workflows without torching the trust that keeps them hired. Meta doesn't have that problem.
Topics can range from "School," "Entertainment," and "Lifestyle" to "Travel," "Writing," and "Health and Wellbeing," among others, Meta says.